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English 59
Search Results 0 to 49 of about 59 (some duplicates have been removed)
FOX Business
Jan 2, 2013 11:00am EST
attend sandy hook elementary school in newtown, connecticut, will be heading back to school tomorrow. they will be using a school in a neighboring town where their old classrooms have been completely re-created. back to connell. connell: thank you very much. we will go back to the markets here today. a big day for the markets. oil has been up. sandra smith is with us with more in the tray today from chicago. sandra: hey, connell. oil is a point of focus right now. it is topping $93 a barrel. this as the stock market rallies and we get a very weak dollar. what do you do in this environment? oil is above $93. >> i think it is a weak dollar. europe, japan in the u.s. all have their issues. with the european union, the banks are still leveraged at 2007 levels. i do not think the story in europe is over. with the news coming out, the numbers are good. we see expansion coming in at the 95 level. when we look at things like oil, we also look at things like gold. what is the play following the fiscal cliff deal? >> i like gold. the liquidity is so huge. my rule of concern as a traitor is the
ABC
Jan 2, 2013 6:30pm EST
sandy. >> the rug is pulled out from under us. absolutelyindefensible. >> absolutely absurd. >> shame on you, mr. speaker. >> reporter: the failure to even vote on the $60 billion bill prompted an outburst from chris christie. >> 66 days and counting. shame on you. shame on congress. >> reporter: his wrath aimed squarely at republican leaders in congress. >> they forget, we sent them there. we sent them there to do the work for us. not to sit down there and play with each other. >> reporter: all that sound and fury apparently paid off. late today, speaker of the house john boehner said that aid to victims of hurricane sandy would be the first priority of the new congress that gets sworn in tomorrow. the first vote for sandy victims coming on friday. >> all right, jon, thank you. but let me ask you this. we've had relief now about one crisis averted, but when is the next one? >> reporter: we have potentially three fiscal cliffs coming up. the first one comes next month, when the government is at risk of defaulting on its debt unless congress raises the amount of money the government ca
MSNBC
Jan 2, 2013 2:30am PST
a controversial decision by house leaders to not take a vote on hurricane sandy relief. some members of congress on both sides of the aisle are speaking out. first the big story on capitol hill and for the country this morning, a bill to avert the fiscal cliff awaits president obama's john hancock. around 11:00 p.m. eastern last night, the republican-led house gave final approval to a deal that will raise taxes on the wealthiest americans, and postponing the automatic spending cuts for two months. the package, which would be signed by the president as early as today preserves the bush era tax cuts for individuals who earn less than $400,000 a year and households earning less than $450,000. it extends unemployment benefits for a year and does not do a bunch of other stuff. it passed by a comfortable margin but only because a majority of yes votes came from democrats. 172 democrats voted in favor. 16 opposed. 151 republicans voted against the bill. only 85 voted in favor. in recent years, republican speakers of the house refused to bring bills to the floor unless they got a majority support from r
CNBC
Jan 2, 2013 2:00pm EST
this hurricane sandy relief bill. so there are a lot of fights still to come here maybe. >> strong words, eamon, but right now let us bring in steve liesman. does this deal increase or decrease yield deficit? >> yes. >> what? >> yes. >> that's the perfect economy answer. >> perfect political answer. >> no, no. and it bears on everything john said. it bears on everything eamon said. because the answer to the question you just asked is directly related to the fight we're going to have. it depends on the outlook, blue or red glasses, and what measure you use. let me show you the estimate in the last day. effect of the fiscal cliff on deficit. so what's the problem, steve? it raises the deficit. not so fast. all of that is relative to the march 2012 baseline of what would have happened had the bush tax cuts all gone away. nobody thought that would happen but that's the law. there is another way it look at it, which is what happened to the deficit as a percent gdp and that's how the market looks at it. we did these calculations. these are back of the envelope stuff. 2012, 7%, 7.2%. had the old law s
CNBC
Jan 2, 2013 7:00pm EST
political battle today over hurricane sandy aid for hard-hit new york and new jersey. i'll bring you all the tough rhetoric when we come back. >>> and yet another big story brewing for tomorrow. john boehner, he could be facing a real challenge for his job speaker of the house. ace acosta is all over this story. "the kudlow report" begins right now. >>> back to the rally on the streets today. that is the total sizzle story. check out these numbers. in case you missed it, dow added 308 points. nasdaq up 93. s&p 500 surging 36. cnbc's kelly evans joins us with all the details. good evening, kelly. >> larry, good evening, from down here at the stock exchange where you practically would expect streamers and champagne. the kind of day we had to put in in context, the likes of bill gross saying he sees stocks up 5% for the year, we did 60% of that in the first trading day. a lot of people are pointing to this that there could be many better things to come than just 5% in stocks. we saw the best start to the year, at least in percentage terms for the major indexes since 2009. the russell 2,000,
FOX Business
Dec 31, 2012 4:00pm EST
billion worth of advice from our market panel, bill greiner and sandy lincoln. but first, let's talk to rich edson and, rich, you know, you're looking at a situation at the moment where you have the president saying we're close, but no deal. you have senator mitch mcconnell on the republican side saying close, but no deal. leads me to ask, what about joe biden? our vice president? he's the one who kind of brought things together in the early morning hours. >> reporter: he did, and mitch mcconnell called vice president biden, and they were hammering out a deal almost to the point where the senate minority leader said when he woke up this morning he thought they did have a deal, at least on the tax portion. republicans saying they have worked out and reached agreement on the tax issues, the problem are the automatic spending cuts, the $94 billion known oz the sequester throughout 2013. the white house wants to pull back on those cuts, republicans want to replace those cuts with other cuts. first, let's take a look at what they've agreed to. this is the framework on taxes. it exempts in
FOX Business
Dec 28, 2012 4:00pm EST
, sandy? a drop in the price of oil? >> well, the traders i talked to on the floor say that those who think we are going to get some sort of deal or conclusion to this fiscal cliff by the end of the year think it's going to be a bad deal so while some are saying that we could get a rally if there's a deal reached by the president and congress, we could get a quick ramly, it's only temporary and we face the reality of the situation in the new year, and bottom line, david, when we looked at the oil reports today, there is a significant decline in energy consumption in the united states right now, and while that might be good to lower gas prices, it's not a great sign about the overall economy. david: it's not at all, but it makes the current rise in oil prices seem stranger than before. if the economy's slowing down, no reason for oil to be above 90 # for the long term. >> right. david: thank you very much. >> the trend with the retail consumer as a whole; right? david: market pam, john stevenson and larry, multimedia trust associate portfolio manager from west newton, massachusetts, an
CNN
Jan 2, 2013 2:00am PST
storm sandy. republican leaders wrapped up the session without voting on billions of dollars of aid. so it drew an angry response from new york area lawmakers. >> the leadership just walked away without the courtesy of saying it didn't have time to deal with the millions of people whose lives have been affected. but maybe, mr. speaker, if you could remind americans that are watching that maybe they should call and ask the congress and ask the speaker, please reconsider. >> new york republican congressman peter king called the decision indefensible and a betrayal of trust. the senate last week approved more than $60 billion in sandy relief. so now to the latest on secretary of state hillary clinton's close call. doctors are saying the blood clot could have been fatal, it could have caused a stroke or it could have led to seizures or epilepsy. she's being treated with blood thinners now and should make a full recovery. former president bill clinton and daughter chelsea both seen visiting her at the hospital yesterday. the clot was found in the vein between the brain and the skull. chief m
FOX
Jan 2, 2013 7:00am PST
the victims of superstorm sandy. lawmakers are angry because the republican house leadership ended the session without voting on that sandy bill. >> we're told we'll get a bill on the floor later this month in the next congress. it's already nine weeks. it's already an unprecedented length of time and why? new york and pennsylvania and new jersey, those residents -- are those residents any leisureses than other parts of the country -- are those residents any less residents than other parts of the country? >>> the deal to avert the fiscal cliff appears to be good news for hollywood. the legislation extends millions of dollars in tax incentives for the entertainment industry, through the end of the year. producers of movies made here in the u.s. can deduct up to $15 million in expenses. those incentives were generous for tv producers who can claim deductions for each episode. >>> experts are predicting a shortage of primary care doctors in california and across the country. as the population gets colder, and they also say that the affordal care act could strain access to primary care physicians.
FOX Business
Jan 2, 2013 1:00pm EST
house held today at a school for students who survivedded the massacre at sandy hook elementary school in newtown, connecticut last month. classes begin tomorrow at a former middle school nearby where workers and teachers have been painting and preparing classrooms. prosecutors and defense attorneys in the colorado shooting case say they are ready for key hearing next week when prosecutors outline the case against james holmes charged with killing 12 and wounded dozens of others in a movie theater in a denver suburb last july. the judge will decide if there's evidence to put holmes on trail. that's a look at headlines making news this hour. back to you. >> uma, thank you so much. fiscal cliff deal reached by congress delays across the board cuts by two months, but the next guest say it's no free ride for defense stocks. the executive director and senior analyst, thanks so much for joining us. this is just a temporary measure, obviously; right? staving off dealing with the problem for two months. what do you think happens then? >> well, you're right. it just pushes out the start of the
FOX Business
Dec 26, 2012 1:00pm EST
, superstorm sandy. they do not think it was consumers fear got as much as it was on the drops of the markets in the middle east. back to you. lori: i think they did more online also. joining us now is founder and resident of sica wealth management. this is what i am thinking about with this disappointing sales. it is so difficult for the federal government. people are wary of all of the uncertainty. they are keeping their pocketbooks closed during this all-important spending season. do you see that as an interesting perspective? >> i think at this point, here you have this santa claus rally which is a market phenomenon that makes sense until it doesn't. that works until it doesn't. coming into this season we would have a typical 1.7% increase in the s&p 500. now, we are dealing with questions that will remain unanswered until january. that uncertainty makes investors anxious. tracy: we have for trading days left. what should we be doing? what should people be doing over the course of the next couple trading days? >> i think people should really look at their capital gains. we are at a point
CNBC
Jan 2, 2013 9:00am EST
business. i have liked hertz. don't forget, sandy wiped out a lot of cars. this sa remarkable deal, only because one more time another player gets taken out. this business is too consolidated. and the pricing is ogolopistic. >> it's a nice premium. if you're a hertz holder, you have to why hold the stock that's down 39% last year. these are just things to consider. >> the bigger question, too, is, and i'll play the role of david faber, although i'm not as toned and fit as he is, and i'm much taller, what is -- >> that's a bit of a dig there. >> no, it's not. he's more fit than i. what kind of m & a is it going to be this year? >> i don't think budget, that ceiling is going to put a lid on buys. one of the reasons is because exactly what you talked about with europe. they're going to come here. they're going to buy. it feels like '87, '88 when they came with boat loads of money. >> and china. >> china's the new japan. >> i like that. >> if we have a demographic profile, they'll be the new japan. >> not to fear, cramer is back and ready to go. "mad dash" is coming up next. futures up almos
FOX Business
Jan 2, 2013 3:00pm EST
at legalzoom.com today. and now you're protected. liz: we have breaking news on the sandy bill. while it appeared they would not be voting on the $60 billion bill, a piece of it, strange, but a piece of it will be voted upon. the $9 billion federal flood insurance part of it related to hurricane sandy will be voted on friday. this according to representative king of the state of new york saying house speaker john boehner has agreed to hold this vote. what about the remaining $51 billion package? when congress returns on january 15, they will vote on that, but they will try to push up at least $9 billion of it for the federal flood insurance part of it related to hurricane sandy. chairman and ceo. now there is a deal, i guess people really want to know, what do the business leaders, is the deal enough where you will open not necessarily the floodgates but at least some of your pocketbook and say we are ready to bring on some more clarity? >> the compromise of a short-term fix too many challenges faced by the u.s. economy. i think this is not done, we have further erosion of consumer an
CNBC
Dec 26, 2012 12:00pm EST
of move people would have expected. i think you have to take into account there's sandy, the tragedy up in newtown. a lot of different things. in front of us is the fiscal cliff. everybody has been talking about it. we've been talking about it. here we are past christmas getting very close to the 31st and still nothing resolved. for those reasons i think people are holding off. they're going to make some decisions later on. maybe those decisions don't happen until january. >> joe, you can blame what you want. you can say it's hurricane sandy, the fiscal cliff, discretionary the second best performing sector in the s&p here to date. is this a sign to start taking money off the table if you have it in the retailers? >> i think you categorize it by saying it's sprung a little bit of a leak. year to date, they've been strong. what do the allocations do? clearly you've looked at the u.s. economy and you've said it's been the services over the goods. money managers are taking a look at the potential recovery in manufacturing. they're looking at softening and consumer discretionary. it is on t
CNBC
Jan 2, 2013 3:00pm EST
for sandy victims. eamon javers has details on that. eamon? >> hi, bill, well, a group of lawmakers from new york and new jersey just coming before cameras here within the past couple of minutes to announce that speaker boehner has relented on the sandy aid funding, at least in part agreeing to a deal. according to new york congressman pete king. that would provide $9 billion in aid as early as this friday, and then they would agree on an additional up to 51 billion later on during the course of the month of january. obviously this has been a very contentious fight. we saw a very angry new jersey governor chris christie in the 2:00 hour holding a news conference, denouncing republicans in the house of representatives, but these republicans in the house today saying that they now have a deal and they seem fairly pleased. peter king saying he would in fact vote for boehner for speaker, despite some very heated criticism of his own of speaker boehner earlier today. guys, it looks like this hurricane sandy relief fight is over, at least for now. >> wait. how does this work? i mean, he's promisin
MSNBC
Dec 31, 2012 6:00am PST
this was intriguing. we've obviously, since the tragedy of sandy hook elementary, a lot of talk about gun control and what can be done. president obama talking about it publicly and emotionally. here's president obama with david gregory yesterday talking about guns. let's come back and we'll quickly talk about it. >> here's the bottom line. we're not going to get this done unless the american people decide it's important. and so, this is not going to be simply a matter of me spending political capital. with public opinion, there's nothing you can't do, and without public opinion, there's very little you can get done in this town. >> so, i like that because it's a recognition of the facts, which is that politicians tend to be a reactive, rather than a proactive species, even the president of the united states. so, let's talk about his public opinion point. where is public opinion? it's moved a little bit on guns, but how much has it moved? >> marginally. you saw pew had their poll out where it went from like 42% to 49% -- >> in terms of people supporting stricter -- >> right, exactly. >> yeah. >>
CBS
Jan 2, 2013 7:00pm EST
of hurricane sandy. a vote on the $60 billion federal aid package has been delayed until tomorrow. that sparked outrage and finger pointing from new jersey republican governor chris christie. >> there's only one group to blame for the continued suffering of these innocent victims, the house majority and their speaker john boehner. this is not a republican or a democratic issue, national disasters happen in red states and blue states. >> tom: boehner's aides said the speaker will make the sandy relief bill his first priority in the new congress, which will be sworn in tomorrow. >> susie: american consumers and business executives are now doing the math on how that fiscal deal will impact their finances. a crucial question is where will they spend, and where will they cut back. erika miller takes a closer look at how the deal will affect consumer and business spending this year. >> reporter: the fiscal cliff deal removes a major negative overhang for the u.s. economy. >> congress wasn't just voting on a fiscal package. they were voting on whether or not they wanted the economy to slip into contra
CNBC
Dec 26, 2012 9:00am EST
. but this idea that retail is soft, was it the fiscal cliff? was it sandy? was it some sentiment that came out of the newtown tragedy? it's hard to say. >> but it may be a combination of all of those. we got a sense from the guests we brought on earlier this week, on monday, that it was not a great holiday selling season, as we ended the last day before christmas. and all those may be the reasons, carl. i'm positive i didn't think people really understood the fiscal cliff. i may have been wrong. perhaps it was something that weighed on people's minds. the weather always at issue. it could actually have been warmer weather as well that contributed. we've had some analysts say that because people don't feel they have to go out and buy a coat. >> because it will never get cold again. >> except today, when it's 28 degrees. we'll see how after christmas does. internet also, it doesn't appear as online sales are up as p as anticipated. and perhaps they made up for the loss of the brick and mortar. >> you were pointing out before the show, luxury was not immune to this. you would think it would be mo
CNBC
Jan 2, 2013 6:00am EST
will end without having a vote on superstorm sandy aid. that was something that people were looking for. >> this is absolutely indefensible. the fact is every bit of documentation that was required by the leadership of the house was provided by governor cuomo, governor christie, merritt blob, everybody played -- mayor bloomberg, everybody played by the rules except tonight. indefensible. we have a moral obligation. the people are out of their homes, the people who are cold, the people without food, the people who have lost their jobs, they don't have the time to wait. we cannot just walk away from our responsibilities. >> and the senate had passed a $60.4 billion sandy disaster aid bill last week. the current session comes to an end today after the new congress gets sworn in. legislation does not, though, carry over from session to session. so consideration of an aid bill would have to start all over again if nothing is scheduled before then. joe? >> back and forth on this was whether it's direct aid or not, in the house they said that there were things that were tagged on. things for l
CNBC
Dec 28, 2012 7:00pm EST
has just passed a $60 billion aid bill for communities slammed by super storm sandy. that vote was 61 for, 33 against. sandy road ashore devastating several areas and the senate rejected a republican amendment to cut the immediate cost to just 23 million clearing the way for final action on the $60 billion bill. the bill now goes to the house where its passage is uncertain because of the non-sandy-related spending items that are in the bill. typical sausage making for washington. >>> let's get to our panel. here now is blake zeff, former obama campaign aide and washington editor. robert, have you heard anything in the last couple of hours that suggests to you that somehow by monday mitch mcconnell and harry reid will sing kumbaya, pass something in the senate that also passes the house? >> i'm not so sure they'll be sing kumbaya, but the real story today is that there's movement on capitol hill. reid and mcconnell come out of that white house meeting and they're ready to haggle over some differences. what i expect to come to the floor is what president obama's talking about a 250 thre
CNBC
Jan 2, 2013 4:00pm EST
christie crying fowl after putting off a vote for hurricane sandy victims. more on that when we return. deal. more on that when we return. >>> as we all know, last night's fiscal cliff deal was essentially a tax deal. part two is to come now as we set the stage for a new fight on the debt ceiling. we've already really hit the maximum amount the government can borrow giving congress about two months now to raise that ceiling or risk default. last year the fight was brutal. as we all remember, and it led to a u.s. credit downgrade. >> yes, and the president has already said, quote, i will not have another debate with this congress over whether or not they should pay the bills they have already racked up. republicans say they won't consider raising the ceiling again without spending cuts, and on that note joining us now is representative david schweiker, republican from arizona. he voted against last night's deal. representative, welcome. >> hi, kelly. hi, bill. >> as we turn our attention towards the debt ceiling in two month's time, how far are you willing to go to get spending cuts? wi
FOX Business
Dec 27, 2012 1:00pm EST
is losing ground after jumping 3%. we have sandy smith at the chicago mercantile exchange. you told us oil would hit $100. we're on our way. >> we are down with today's session. people stepped in to the oil market because it was struggling. it is still negative for the year at underperforming and crude oil is down a percent and again today the word is he'll like it did deal by the end of the year and those who do as an say it will not be right where it will be bad. we still are not talking about growing jobs so there is negative sentiment crude-oil prices down when typically during of big storm prices would go up but they're dropping because there is fear we will enter a recession and the country will struggle and they say if we enter the new year we will see higher taxes, lower home values in people struggling. it is not a good. they say that's speaker boner will cave in and we will not get a good deal. >> calls it these oil cliffhanger. >> it is rattling explaining why a trading volume was down there may be at camp saying it is a good price. exxonmobil refinery near chicago jeff? >> and
CNBC
Jan 2, 2013 1:00pm EST
much. >>> largely lost in all of the drama over the cliff, aid to victims to hurricane sandy on east koefd. it has republicans now turning on republicans. >> hi, tyler. kind after surprising and unexpected fight here. let me show how as they were getting zun with the fiscal cliff debate. here is how it went down. >> the question is on the motion to adjourn. those in favor, say aye. >> aye. >> those opposed, no. >> no. >> and the opinion of the chair? ayes have it accordingly the house stands adjourned until 10:00 a.m. tomorrow for morning hour debate. >> so you could hear those republicans and democratic members from new york and new jersey upset they gavelled down the session last night before they voted on this bill and today, some of those members have been venting their anger at a system that they say is unfair to their constituents. take a listen. >> these people have no problem finding new york when it comes to raising money. it is only when it comes to allocating money they can't find the ability to do it. we cannot believe that this cruel knife in the back was delivered to ou
FOX Business
Dec 26, 2012 9:20am EST
basically unchanged from last year and sandy, of course, and the connecticut shooting got some blame, but what about no jobs and no money? coming up, the opening bell, futures are up. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ from td ameritrade. i played a round of golf.id in the last five hours? then i read a book while teaching myself how to play guitar; ran ten miles while knitting myself a sweater; jumped out of a plane. finally, i became a ping pong master while recording debut album. how you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. >>> david asman, in for mr. varney. we're minutes away, dow futures are trading up. so at least at the beginning it may be a good trading day. now 15 seconds away from the opening of the dow, nasdaq and s&p 500 have been down the past two sessi
FOX Business
Jan 2, 2013 4:00pm EST
, bill. in fact there is going to be more spending. if you throw the sandy bill in. there are a lot of good people in the new york area who need the sandy bill but it will feed a lot of bureaucracy in washington as well. is all hope for cutting spending lost? >> well, it is only half a loaf but i think there is a lot to like in what happened last night t should have happened a lot sooner than that and, unfortunately i think washington is becoming the entertainment capital of united states. i hope that moves back to hollywood. but within, what we did get and you're right, only the tax increase. it is not the spending cuts and entitlement restraint that we need but what we did get was 3/4 of a trillion dollars of deficit reduction. david: whoa, let me stop you there, bill. you're assuming that this new revenue is going to reduce the deficit. i don't assume that at all. in fact if you look at history, the more money that comes in the more goes into flue spending rather than reducing the deficit. >> well you're absolutely right and we absolutely need to do the next step which is spendin
FOX Business
Jan 2, 2013 7:00pm EST
and the future. all of that coming up next. super storm sandy outrage. the house speaker turning his back on those devastated by the deadly storm. fellow republicans taking aim at the speaker. >> the dismissive attitude was shot last night. it typifies a strain in the republican party. this is not the place to discuss politics, but politics seeped over into a governmental decision that was made. i cannot imagine that type of indifference, that type of this regard, that cavalier attitude in any other part of the country. the president is taking a victory lap for raising taxes on the top 2% and making the bush tax cuts permanent. what the president does not mention, also raising taxes on nearly 80 percent of all americans, and the national media doesn't mention it either. we do. antitax crusader grover norquist joins us here next. ♪ th my friends, we'll do almost anything. out for drinks, eats. i have very well fitting dentures. i like to eat a lot of fruits. love them all. the seal i get with the super poligrip free keeps the seeds from getting up underneath. even well-fitting dentures l
FOX Business
Dec 26, 2012 4:00pm EST
frequently. even when we had hurricane sandy rolling through the airline stocks outperformed the s&p week of and week after. at this point investors are overlooking that kind of thing. david: hunter, one of the surprising thing airlines learned to make money with sky-high gas and fuel prices. how have they done that. >> two main things. capacity discipline. they removed 8% of domestic capacity. david: they're just grounding planes? >> they put down more fuel efficient planes in '08. they are trimming underperforming flights. domesticly the u.s. airline industry is same size as 1999 despite more passengers are fly. david: the other thing. >> fees. david: all the bag fees. hate them but it is helping them. >> only single-digit percentage of their revenue but 155% of their ebitda. this is 100% margin stuff. shibani: six bucks for a pillow helps somebody. >> yeah. shibani: look at couple stocks doing very well. southwest airlines, 20%. alaska airlines up 15%. what is their recipe for success and what can we see carry over into the new year? >> a lot of people were very pleasantly surprised wi
CNBC
Jan 2, 2013 6:00pm EST
to be terrific. hurricane sandy wrecked hundreds of thousands of cars that need to be replaced. bloomberg surveyed a bunch of analysts and they're predicting a 9.8 increase for december. put it together and the domestic auto market is clearly on fire. in fact, it's giving rise to maybe just maybe one of my best ideas for 2013. we still got a tremendous amount of pent-up demand in the country. the average car on the road is ancient, 11 years old. it's now easy to get a loan for a new car at a super low interest rate this is a story where the easy answer is the best answer. don't try to outsmart yourself. continual theme for 2013. we're on track to sell a huge number of cars in the country, buy ford. why ford? first of all, it's the best auto company in america it likely sold 2.2 million cars in the u.s. last year. it is the first auto company to get back to the prerecession levels. the ford focus was the best-selling car on earth last year when you include the fiesta and the f-series pickup. ford makes three of the top ten best-selling cars worldwide. nobody else has that many. ford's u.s.
FOX Business
Dec 31, 2012 1:00pm EST
, or emergency dollars for sandy victims as well? >> there is still discussion on the house side of dealing with the sandy bill. there was negotiations in meetings last night with the members of the new york and new jersey delegation specifically related to sandy and number of difficult farm committees and farm state representatives have been discussing with republican leadership how they get that done as well. all the parts are moving here on capitol hill. when it comes to the fiscal cliff negotiations everything is extremely fluid. the deal is a tentative frame work. they're still working out details. shibani: got it. still very much anything can happen. thanks a lot. >> all right. ashley: rich, thank you. a framework perhaps. let's go to peter barnes at the white house. peter, what are you hearing? >> i can confirm what rich is reporting much the president will come out here any minute but he is not expected to announce a final deal. he is going to say that the congressional negotiators and the white house are close to a deal here but that the clock is still sticking to try to get someth
CNBC
Dec 27, 2012 12:00pm EST
's not good. it's not all on sandy. >> depends how you read that metric. when the story is finally told, not .7%, somewhere higher than that. m moo. >> maybe it will. it's not all sandy, people cutting back already, whether military families cutting back dramatically because of sequestration or people who work at defense contractors out of jobs. there's a lot of bad heading our way. to josh's point, people will still send their kids to school and still go shopping but everybody is going to cut back how they shop. they will be trading down, judge, i think. and these idiots from harry reid to the president on top and john boehner included, i'm equal opportunity, it's horrible. >> we heard the same thing at the end of 2011 europe would spill to theist and the u.s. consumer was changing their habits. i'd like to point out the discretionary consumer is the second best in the market this year, 21%. any whoever made a bet against the u.s. consumer -- >> what kind of pullback are we talking about? if you guys like the market through the early part of 2013 -- >> i don't like it in january, judge
CNBC
Dec 31, 2012 4:00pm EST
the fiscal cliff. it's mostly going to be about sandy relief money from the superstorm. the cliff will come up, but the source said we are not going over any potential deal because there isn't one and the senate hasn't acted yet. >> but even if they're intending to talk more about sandy relief, don't you think the fiscal cliff issue is going to kind of come up? >> of course it's going to come up, but my only point is the meeting -- that's not what the meeting is about. it's a further indication that -- from the house of representatives that they don't consider this thing ripe enough that they're going to bolt and move on it tonight. >> that'll please new jersey governor chris christie and governor cuomo of new york. but you don't think that's a head fake to try and lower expectations? or not to raise them needlessly on the fiscal cliff? >> look. >> we sound skeptical, don't we? >> yes. but we're not that far from 5:00. and we're not that far from midnight. knowing the way the senate acts, the fact the senate leaders have not announced a deal. i don't think it's a trech to say that the house
CNBC
Jan 2, 2013 12:00pm EST
, congress failing to act on aid for victims of superstorm sandy. we have the outrage and the fallout. >>> and what does the fiscal cliff deal really mean for the money that you make in your investments versus the money that you make in your paycheck? tyler and i will break it down for you coming up at the top of the hour. right now we send it back over to scott on "the fast money halftime report." back over to you. >> thank you, beck, see you at the top of the hour. hewlett-packard the dow's worst performer last year is up big today, it continues to evaluate the idea of selling businesses that no longer meet its objectives. joe is bullish, weiss sees more downside ahead. grasso is making some money in hp. what's the problem? >> the problem is it's a pure commodity stock that has to reformulate their business and i can almost guarantee that earnings revisions are going to be lowered and not higher, so we'll see it bounce because it's so beaten up and well shorted but i think there are better places to make money in tech. i wouldn't short it but i definitely wouldn't be a buyer here. >
FOX Business
Dec 26, 2012 3:00pm EST
was superstorm sandy that hit the big shopping areas and 5 lot of the big -- a lot of the big population centers on the east coast, and people there in new york, new england did not shop, and that was sufficient enough to bring down the numbers nationwide. there was a built of a rebound prior to christmas, but not enough to put us back on track for what the national retail federation says is their prediction for the holiday shopping season. 4.1% growth over last year, $586 billion season, but others say, no, nrf is off, and, in fact, shopper trek on monday revised from 3.3% to 2.5% growth. expect to see big sales, especially when you consider, nrf says, i think, that retailers make anywhere from 20% to 40% of revenue in the holiday shopping season, could be bad news for a lot of people. ashley: could indeed. adam, thank you very much. >> yep. ashley: there's a holiday hangover today, no doubt about, that but they have to help customers know when a sale is a sale. scott, bbc capital markets retail analyst joining me in a fox business exclusive. scott, what do you mean? people are told when a sale
FOX
Dec 27, 2012 4:00am PST
christmas. this storm is going to be terrible, and superstorm sandy had to have depressed sales if you consider what kind of damage was done to new york and new jersey. > i was reading about that. the mid-atlantic and northeast account for 24% of all retail sales in the u.s. that is a huge chunk of sales. > > absolutely huge, and that is going to put a big impact on sales. if you are spending your money getting your house fixed up and waiting for the insurance company to pay you back, that is absolutely going to affect retail sales. > i was looking at some of the companies out there: urban outfitters, tiffany's, macy's, wal-mart, target, all down. did they not see this coming? were they too optimistic? > > i think the fiscal cliff made a much bigger difference than people realize. if the average consumer is looking at somewhere between a $500 and $2500 increase in taxes next year, it is going to change their behavior, just like it changed company behaviors when you saw them accelerate their dividends. so, when the government goes and changes behavior, it is going to affect things like
FOX
Dec 31, 2012 5:00pm PST
will be buried. he opened fire at sandy hook elementary school and killed 20 children and six staff members. he also killed his mother. >>> new at 5:00 p.m., a push to save a dog from death. we told you about him when he attacked a police source in san francisco in august. ktvu's david stevenson is live with the latest move to keep the dog alive. >> reporter: late this afternoon the attorney for the owner obtained this restraining order, it prevents the city from euthanizing the dog. >> reporter: this is charlie. a pitbull. last august he attacked a u.s. park police horse. chasing him for a mile and a half. >> typical dog behavior. based on what we know, it is not typical to pursue a horse that you are afraid of. >> i saw the wounds but i am not sure how they occurred. bad things that were bound to occur. >> reporter: he is held by animal control and facing deaths for months now. the owner mounted an online campaign to raise support. today on the deadline for him to surrender the dog they said they would try to transfer him to a pet rescue. >> we can't do anything unless he surrenders the dog.
PBS
Dec 26, 2012 4:30pm PST
season. hurricane sandy. tragedy in ct. >> none of the events out there were feel good factor events. it was all for consumer morale. >> when you look at the weakness this holiday season, how much of the blame do you put on retailers for not having inspiring merchandise and how much of it are just factors beyond their control like the economy and the fiscal cliff? >> i think overall it was more probably 70 to 80% factors beyond the retailer's control. i think retailers had creative merchandise but i think the news didn't lead to a feel good factor. >> in any economy, good or bad, you always have some winners. who did really well this year? >> well, it looks like in terms of who did well so far, companies like american eagle outfitters limited, michael cors, macy's' tj and i would say costco was also a winner. >> on the flip side were there retailers that you had high hopes for going into the season but just didn't deliver in the end. >> certainly we will see some becoming more promotion al, some of the children's retailers, whether it was impacted by weather or there was competitive
NBC
Dec 31, 2012 6:30pm EST
to survivors of superstorm sandy. >> why not give them a reason to help somebody else while looking great themselves? >> reporter: on a night when style is substance -- no shame for tooting one's horn. but when you uncork the bubbly, doctors warn, don't do this. here's how to toast to good health without putting an eye out. hold a towel over the cork, point away at a 45 degree angle. twist the bottle, not the cork, and let the good times flow. >> it's my first time on new year's eve, because it's on my bucket list. >> bucket list. >> bucket list. >> reporter: spoiler alert, bucket list is on the new banished words list for 2013. checking it twice, so is spoiler alert. and trending. and fiscal cliff. so on to a new year. and a final word on 2012. >> hoping change for a better new year. >> happy new year! >> reporter: it was balmy last year when the ball dropped, in the mid 40s. not so lucky this time around. wind chill expected in the mid 20s. everyone is bundled up, kate. happy new year. >> happy new year to you, ron mott. and did you say fiscal cliff was on the banned list? that is our b
CNBC
Dec 27, 2012 9:00am EST
sandy, that was a natural disaster, to think that all this really is man made, still boggles the mind. >> sickening. especially with claims back to 350, decent number this morning. >> there is a little bit of interpretation to that. to think that the government, federal government certainly was closed on monday and tuesday, some of the state government was closed for both days, one of those days as well, saying maybe it came in a little bit light. some interpretation but funny to see all the headlines crossing this morning saying the futures were moving based on claims or the treasuries based on claims numbers and not what was going on on the fiscal cliff. >> a crummy start to the year we get a fourth strike on top of all that, true. >> not such a crummy year for japan. japanese stocks rallying you can the yen continuing its slide against the dollar in all the major currencies, in fact. asian markets mixed overnight trading. the nikkei climbing to a closing level not seen since just before the march 2011 earthquake, marking a third day of gains, mostly drive bine hopes for a new stimu
CNBC
Dec 31, 2012 4:00am EST
happened at sandy hook elementary does not happen again. ultimately, the way this is going to happen is because the american people say, that's right. we are willing to make different choices for the country and we support those in congress who are willing to take those actions. and will there be resistance? absolutely, there will be resistance. and the question then becomes whether we are actually shook up enough by what happened here, that it does not just become another routine episodes where it gets a lot of attention for a couple of weeks and then it drifts away. it certainly won't feel like that to me. this is something that -- you know, that was the worst day of my presidency and it's not something that i want to see repeated. >> let me ask you about a couple of foreign policy notes. after the attack in benghazi, is there a need for more accountability this doesn't happen again and do you know who was behind the attack at this point? >> two points. number one, i think tom pickrick and mike mullen who headed up the review board did a very thorough job in identifying what were s
FOX Business
Dec 27, 2012 11:00am EST
after superstar sandy that they need to be on their toes. liz: thank you anna and peter. good reporting out there. amazon topping the list of most satisfying websites to shop on. with us, shibani joshi. she has the details. shibani: amazon has been the best for a number of years. [talking over each other] shibani: not all online shopping sites are the same. thankfully, we experience this directly. we are also getting this data. online research company releasing their annual results. for the eighth year in a row, amazon is the number one online retailing sites. also, other names, you may or may not be familiar with, qvc, estÉe lauder, etc. amazon has such a wide range of goods. it is certainly an easy to use site. the losers this year, some of these i have not even heard of. nutrisystem, that is a weight loss system. you have those flash websites. they are coming in at the bottom of the list. 24,000 people responded. liz: who had the biggest drop? shibani: not surprising, jcpenney. the confusion of what is happening in the stores. also, apple. that was a big one. it saw a drop because i
CNBC
Dec 26, 2012 5:00pm EST
crisis, we've had, you know, we've had the elections, we've had super storm sandy, we've had so many events, fiscal clifr, of course, being rerated by s&p. >> but the number one thing we're not talking about is the fed. you have this unbelievable accommodating monetary policy and a signal from the fed they're going to continue that to the tune of a trillion dollars a year. so, that's why the things has been conventional. this has been anything but a conventional year. if you didn't have that level of stimulus, i think the market would have gone a little sideways this year. >> right. let's talk about the big trades in today's session, from trash to treasure. can some of 2012's biggest losers be the best bets for 2013. this is, in fact, what we saw in today's session. these are some of the worst performers of the year, but in today's market, today's session, they actually led the markets. research in motion was a head scratcher of a move. >> the research in motion is very interesting, because i thought the move was over last week when it had that, seemed to be a blowoff short-term top
CNBC
Dec 27, 2012 3:00pm EST
in connecticut, sandy, fiscal cliff, everything. with that in mind where do you see consumer spending, consumer discretionary spending next year? >> i think in 2013 there's always a place that excels in consumer discretionary and it's based on product, price and where they can expand in terms of channel extension. in 2013 i think we'll see names like nordstrom where they are accelerating the rate of growth. i think we'll see urban outfitters continue their turnaround, perhaps in an accelerated pace in 2013, and i think you're going to continue to see, particularly in the first half of the year, the demand for products from michael kors do well. second half of the year is a different story and perhaps the turnaround of tiffany's to be the name for the second half. >> meantime, r.j., i think you would agree retail remembers scrambling right now because consumer confidence is plunging. three reports in a row that have been pretty dismal. >> yeah, i would agree. i think we're looking for a bit of a pullback in 2013, not only due to the fiscal cliff issues that will become more aware, especially whe
CNBC
Dec 27, 2012 4:00pm EST
of the ways and means committee in the house, sandy levin, that called for this legislation. the speaker was going to bring it up to kill it, but he couldn't kill it and then we moved to plan "b," the debacle of all debacles. it's the mother of all debacles. that was brought up in an effort to send us something. he couldn't even pass it among the republicans it was so absurd, he meaning the speaker, so it's very clear now, mr. president, that the speakers's number one goal is to get elected speaker on january 3rd. the house is not even here. he's told me it will give him two days to get back here, not two days, 48 hours. they don't even have enough of the leadership here to meet to talk about it. they have done it with conference calls. people are spread all over the country because the speaker is basically waiting for january aboutrd. now, the president campaigned on raising taxes on people making more than $250,000 a year. the bush era tax cuts will expire at the end of this year. obama was elected with a surplus of about 3 million votes. he won the election. he campaigned on this issu
CNBC
Jan 2, 2013 5:00pm EST
sandy that really challenged the east coast. we had warm weather in november, december, which affected a lot of the heavy apparel sales. and this wall of worry that built during the fiscal cliff negotiation, really damned consumer enthusiasm. a lot of volume in our business today. >> do you actually pay for that excess inventory whether it be a retail return or extra machinery from a factory? do you take that on your books and then sell it so you're on the hook until it's sold? >> the majority of our business is on a consignment basis, where we do not take title to the goods but retail a share of the revenue, realized from the sale of these items and what drives our marketplace is, our buyer base. we're reaching over 2.2 million buyers in 200 countries that have demand for these returned items. one company's returned item is another small business's treasure. and we connect that supply and demand in the most effective way using our internet model. >> hi, it's brian kelly. it sounds like you are economically sensitive but almost inversely, as consumer return more, you guys do better. is
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